Governance
Turkish central bank shocks with 100bp rate cut
Rogoff describes move as “nuts”, as official inflation neared 80% in July
RBA sets up new panel of private-sector economists
Expert panel will meet at least twice a year; move follows “embarrassing” forecasting issues
Central Bank of Egypt governor resigns
Amer joins presidential staff amid inflation and currency crises
Ecuador government will not recognise new superintendent of banks
Legislature and government clash as courts disagree on legality of appointment process
Fed announces new guidelines after master account controversy
Rules will impose tight scrutiny on non-conventional applicants
Critics accuse Barbados authorities of monetary financing
Government says it is using SDRs to buy bonds, while governor says purchases are legal
El Salvador abolishes statistics agency
Central bank will absorb body that calculates inflation
BEAC governor clashes with political leaders over recruitment
Charges of nepotism follow dispute with Central African Republic over bitcoin
South Sudan president fires sixth governor
Moses Makur Deng ends seven-month stint as currency depreciates
Czech central bank halts tightening
Many had expected new governor and board to take dovish turn
Turkish business chief criticises central bank as lira falls further
Governor says central bank is working to make Turkish firms use more lira-denominated assets
East African states clash over location of regional central bank
‘Verification exercise’ gave Tanzania the highest score, prompting Uganda and Kenya to object
Kenyan governor denies shortage of small-denomination notes
Interior minister had claimed that politicians were draining supply to pay election bribes
Chinese authorities repay more depositors amid banking scandal
Analysts say the banking crisis in Henan and Anhui could precipitate more rural bank runs
UK court recognises Venezuela opposition’s central bank board
Supreme court had already ruled in opposition’s favour last December
Argentina accelerates tightening with 800bp hike
Central bank says it aims to make real rate positive as president reshuffles government
Polish Senate to decide on new MPC member
Opposition parties hold upper house majority and may pick more hawkish rate-setter
People: UK names veteran banker as chairman of BoE court
Appointments in Nicaragua, Cape Verde and Central African currency zone
Millions stolen from central bank, Surinamese authorities say
Finance ministry official arrested as Dutch academic says corruption prevents central bank from functioning
Nepal hikes rates and constricts credit
Himalayan country confronts rising inflation and strained reserves
Papua New Guinea raises rates for first time since 2011
Rising inflation prompts first move in more than two years
Poland law would fund coal benefit with central bank’s profit
National Bank of Poland remitted 95% of profits to government in 2020
UK government proposes ‘competitiveness’ mandate for BoE
Measure proposed despite IMF warning that it could clash with financial stability mandate
Fed faces years of losses as interest rates rise
QE brought major interest rate risk onto central bank’s balance sheet